Modified starch is an emerging market with continuous research & development in the field for widening its applications. Although the current scenario depicts a wide range of application, the emerging crops such as tapioca are gaining focus among the modified starch manufacturers. In food application, convenience or processed food forms as a major driver due to its increasing consumption in the developing as well as developed economies. In the non-food segment, cosmetics, medicines etc., are the growing markets owing to the functional properties of modified starch that has several applications in personal care.

The different types of sources included for the study are corn, tapioca, potato, and wheat. The major applications covered are food, animal feed, and non-food, which are further segmented. The regions considered for the study include North America, Europe, Asia-pacific, and ROW. Corn, food, and North America acquire the largest market share in the category of raw material, application, and region respectively.

The report classifies and defines the global market value and volume. It also includes qualitative and technical data pertaining to modified starch such as subtypes, source, application etc. The report also provides comprehensive review of market drivers, restraints, opportunities, and key issues in the global industry. The major players in the market have also been identified and profiled.

The global modified starch market-defined as starch products chemically modified to withstand the processes they are subjected to in the various end-use applications. It-is witnessing significant growth due to the increasing awareness about the natural ingredients, cost effectiveness offered by these products and more importantly the enhanced functionalities provided in comparison to native starch. Asian countries, especially China, have emerged as leading destinations, facilitating the market shift from developed economies to developing economies. In relatively saturated markets such as the U.S. and Europe, value-based pricing combined with the raw material in focus has emerged as a major strategy for the companies looking to establish a strong foothold in these markets.

The three broad applications of modified starch include food, feed, and non-food. The enhanced characteristic of starch after being modified widens its availability in the non-food sector and in industries such as pharmaceuticals, cosmetics, and others.

The above figure highlights the shares of food, feed, and non-food in the global market. Modified starch is mostly used in food and non-food applications, and at a global level is expected to grow at a rate of 4.1% from 2013 to 2018.

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